BitcoinShort
BTCUSD - Short for a bit of a coin
Updated
I've been watching Bitcoin for a while . The cycle analysis was working Bitcoin's last 2 drop into the daily cycle low.
This time I'm going to publish it.
After yesterday's bearish pinbar we have the follow through and the daily swing as we broke below yesterday's low.
The RSI is printing bearish divergence, and the MACD is crossing over at extreme levels. I'm not calling for a crash just a daily cycle low.
The 8 day RSI was signing the DCLs quite well in the past so I suggest to take profit when we tag the oversold territory.
As the Bitcoin bubble getting more and more mature the pullbacks will be stronger and stronger.
Bitcoin seems to have a special relationship with the 130 SMA.
This time the DCL should be printed somewhere between 130 SMA (4159$ today) and the previous top at 4915$.
Time range : 7-14 days from today.
Stop : Above yesterday's high - 7900$
TP : 4900-4200$
This time I'm going to publish it.
After yesterday's bearish pinbar we have the follow through and the daily swing as we broke below yesterday's low.
The RSI is printing bearish divergence, and the MACD is crossing over at extreme levels. I'm not calling for a crash just a daily cycle low.
The 8 day RSI was signing the DCLs quite well in the past so I suggest to take profit when we tag the oversold territory.
As the Bitcoin bubble getting more and more mature the pullbacks will be stronger and stronger.
Bitcoin seems to have a special relationship with the 130 SMA.
This time the DCL should be printed somewhere between 130 SMA (4159$ today) and the previous top at 4915$.
Time range : 7-14 days from today.
Stop : Above yesterday's high - 7900$
TP : 4900-4200$
Note
Seems to be working quite well. The only concern we are almost oversold at the RSI...
Note
I’m holding the shorts into the weekend.Note
What a weekend!Everybody and his dog plus wife was selling Bitcoin.
I suggest to take profit between 4500- 5000$.
So the harvest might start tomorrow if this drop accelerates.
Note
Volume is getting high just as the previous DCL.Get ready if it turns it turns in a blink of a moment.
Note
I'm going to stop out the position at any move above 7950.
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